/ Electric Cars & Vehicles

Plug vs pump – an electric car cost comparison.

Electric cars have some good cost savings over petrol ones. In this blog, we’ll get stuck into the numbers and figure out exactly how much you could save, plus look at the most cost efficient ways to charge. Happy reading.

How does $0.30 a litre sound?

Imagine pulling into the petrol station and seeing $0.30 on the big sign out front. It’s something we’re not likely to ever see, but when you drive an Electric Car, that’s the equivalent of what you’ll pay. Put another way, aa.co.nz reckons the average car in New Zealand travels 14,000km a year. So if your car gets 10L per 100km, you can expect to save over $2,500 every single year.

Does it chew through my power?

The cost of charging your EV depends on when and where you charge it. For example, charging at off peak times on a day/night plan designed specifically for electric cars can cost you less. As a ballpark, charging an EV to 100km in these hours will cost less than $3.00. Better still, because electric cars are in the best interests of just about everyone, there are free charging stations popping up in shopping malls, airports and supermarkets right around the country. So if you’re organised enough, you can charge for free.

Are they expensive to buy?

While buying a Tesla might have your bank manager raising an eyebrow, there are a number of more cost-effective options on the market. For example, a newly imported second generation 2013 Nissan Leaf costs around $25,000, or a first-generation model is often closer to $10, 000. As the second-hand market grows in New Zealand, electric cars should become more and more accessible.

What about maintenance?

Of course, when thinking about the cost of running a car, maintenance must be taken into account. And while a standard petrol vehicle has roughly 2,000 moving parts to keep oiled and serviced, a fully-electric EV has just 20. It doesn’t need oil and rarely needs servicing, so the main thing to consider is the potential cost of replacing your battery. It always pays to check what guaratees the manufacturer is offering on their batteries as you might find your covered for up to 10 years.

Verdict – go electric and watch the savings flow.

While it’s true that there is an initial up-front cost of buying an electric car, chances are you’ll be saving money from that point onwards. No petrol costs, no Road User Charges and minimal maintenance costs all help make driving electric a little easier on the wallet.

Meridian Energy

Meridian Energy

We are proud to make electricity from natural resources – water and wind − and supply power to New Zealand homes, businesses and farms.

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